# **THE PAROCHIAL CHURCH COUNCIL OF WILTON** ## **WITH NETHERHAMPTON AND FUGGLESTONE** ## **ANNUAL ACCOUNTS** **2022** **- - - - - - - - - - - - -** ST MARY & ST NICHOLAS, WILTON GENERAL FUND ST MARY & ST NICHOLAS, WILTON APPEAL FUND FRIENDS OF ST MARY & ST NICHOLAS GENERAL FUND ST PETER’S, FUGGLESTONE GENERAL FUND ST CATHERINE’S, NETHERHAMPTON GENERAL FUND 1 ## **THE PRESENTATION OF THE ACCOUNTS FOR 2022** ## **THE PARISH OF WILTON WITH NETHERHAMPTON AND FUGGLESTONE** ## **INTRODUCTION** The accounts for the Parish of Wilton with Netherhampton and Fugglestone for 2022 are attached. Funds held in each of five separate accounts are for the benefit of their respective churches and not for the Parish as a whole. In practice, however, the St Mary & St Nicholas General Fund acts also as the PCC General Fund. For certain functions, such as the payment of the Diocesan Share and the general expenses of the Parish as a whole, the St Mary & St Nicholas General Fund acts as the paying agent. For example, the account holder pays the total Diocesan Share, Clergy expenses, Parish office and other Parish costs and then collects the appropriate contributions for the two daughter churches on an agreed percentage basis. This is currently 6.5 % for St Catherine’s Church, Netherhampton and 6% for St Peter’s Church, Fugglestone. All three Churches provide additional Gift Aid envelopes for ‘one off’ donations, particularly visitors, and for use by taxpayers. The use of specially printed Weekly Envelopes was discontinued from 1 Jan 21. Additional tax rebate is also claimed under the Gift Aided Small Donations Scheme (GASDS), introduced in 2014, which permits claims up to a maximum value of £2,000, without the need for individual Gift Aid Declarations. Tax rebates from Monthly donations and the GASDS form a significant element of Church income – and a claim for 2022 has been submitted. ## **THE CHURCH ROOM** In June 2020, the building containing the Parish Office and Church Rooms was sold to the Wilton Middle School Educational Trust (WMSET) for an agreed sum of £60,000. The sale proceeds were used to buy CBF Investment Fund Income Shares through CCLA with the subsequent dividend income being credited Quarterly to the PCC General Account. Office space in the WMSET Centre has been leased on a permanent basis for continuing use for as a Parish Office. 2 ## **NOTES TO THE ACCOUNTS – 2022** ## **St Mary & St Nicholas Church** 1. General, St Mary & St Nicholas Church recorded a loss of £9,470 in the General Fund, over the year on a turnover of some £100,450. The Notes below give further detail. 2. The last three years have been difficult, recovering from the Covid pandemic and its effect on church attendances and thus our finances. Visitor numbers were down also, and donations left in the Offertory Chest have yet to return to their pre-pandemic levels of about £3,380 annually. Recent annual donations were £540 in 2020, £1,170 in 2021 and £2,727 in 2022. The use of cash to make donations is increasingly rare and difficulties for visitors and worshippers to make contributions in other ways has been a challenge, and this needs to be addressed. 3. Charitable Giving Donations made in 2022 were also reduced from earlier years and amounted to just £950 in 2022.These were limited to support for Ukraine targeted charities (£700), and the Royal British Legon on Remembrance Day (£250). £1,940 was also spent on local Youth projects and support to our Schools Outreach Programme. 4. Other Income Parish fees for weddings and funerals, concert fees and grants from the Wilton Educational Trust all contributed to our overall income for the year. Income in this general category has remained low but is beginning to show improving levels of growth – up from £18,000 in 2020 and £17,180 in 2021, to £28,300 in 2022 5. Diocesan Share Our Diocesan Share contribution for 2022 was set at £63,500, (increases from £60,478 in 2021) – or £5,290 monthly. Once again we were only able to pay some 2/3rds of this for a second year, leaving four months’ contribution or £21,160 unpaid. The Diocesan Board of Finance are aware of this deficit and have asked that we pay ‘what we can afford, when we can afford it’, and we shall continue to strive to do this. Neither St Catherine’s or St Peter’s were able to make any contribution to this payment, which is notionally set at 6.5% and 6% respectively to reflect the numbers registered on their on their electoral roll. (The 6% contribution by St Peter’s Church will be discontinued from January 2023.) 6. Expenditure In addition to our Diocesan Share payment, our principal expenses covered insurance, maintenance and utility charges. Essential repairs to the organ cost £16,000, whilst a further £28,400 was spent through the Appeal Fund on renewing some of the boiler equipment. (See below.)Bids to defray some of these costs will be made to the Trustees of the Preservation 3 Trust in 2023. A claim to recover payment of VAT under the Listed Places of Worship Relief Scheme will also be made. Gas and electricity costs have however risen very significantly and are worryingly high (£4,180 in 2021 and £10,100 in 2022). This could impact on the use made of the Church building other than just for Services and on the charges that we must pass on to other users. 7. Appeal Fund The boiler system had failed ad completely in September 2021. Repair costs were met from the Appeal Fund and investments to the value of £30,000 were sold from our CCLA holdings. 8. Friends of Wilton Parish Church Regular monthly donations to the Friends’ Fund raised £2,020 over the year and the fund stood at £2,936 at the end of 2022. 9. Investments St Mary & St Nicholas Church hold a number of Income Shares in the Church of England Investment Fund. These shares decreased in value by some £6,800 over the year and were valued at £49,700 in Dec 2022, generating an income of £1,480 over the year. These investments are in addition to the COIF Charity Property Bond Income Units which are held by the Appeal Fund. These are currently valued at £67,030, following the sale of shares to the value of £30,000 to put towards the cost of the boiler repairs. The income from this investment yielded £3,690 in 2022 which was credited to the PCC General Account. 10. Shares bought from the sale of the Parish Rooms are valued at £63,400 and the income from that investment pays for the rental we pay the Middle School Trust towards the cost of leasing our Parish Office from them. 11. The total value of investments held for St Mary & St Nicholas Church as at 31 Dec 22 is £180,130. ## **St Peter’s Church, Fugglestone** 12 Running costs for St Peter’s once again exceeded its income by over £1,778 in 2021. Expenses of £4,760 were offset by two generous personal donations. 13. The PCC continues to acknowledge the difficulties faced by the very small congregation in meeting their shared Parish costs and continues to assist in the maintenance costs of this historic building as its longer-term future continues to be debated. As indicated in Para 5, the 6% contribution by St Peter’s Church to our Diocesan Share will be discontinued from January 2023. ## **St Catherine’s Church, Netherhampton** 14. The accounts for 2022 recorded a loss of £1,440 over the year. This does not include any contribution toward the Parish Diocesan Share, or the shared Parish Expenses for the year which together amount to some £3370. Payment to the PCC Account for these liabilities has been deferred until 2023. 4 ## 15. Investments St Catherine’s Church holds 251 Income Shares in the Church of England Investment Fund. These shares were valued at £5,186 in Dec 2022 and generated an income of £150 during the year. ## _St_ **Mary and St Nicholas Church – General Fund Accounts Summary 2022** ## **CBF Deposit a/c – Reconciliation** |**CBF Deposit a/c– Reconciliation**||| |---|---|---| |Opening Balance – as at 31
Dec 21
Add Investment Fund Income
Add Retained Interest
Closing Balance – as at 31
Dec 22
**Current a/c– Reconciliation**
Opening Balance – as at 31
Dec 21
Add: Uncredited payments - 31
Dec 21
Less: Undebited payments – 31
Dec 21
Ledger balance - as at 31
Dec 21
Add: Ledger Income 2022
Less: Ledger Payments 2022
Ledger balance as at 31
Dec 22
Add: Undebited payments – 31|2022
4,937.35
1,483.56
77.62
6,498.53
**6,498.53**
**9,060.39**
3,656.67
-8,048.80
4,668.26
110,318.37
-
119,787.45
-4,800.82
12,014.17|2021
3,500.51
1,434.80
2.04
4,937.35| |||**4,937.3**
**5**
**5,022.3**
**9**
2,162.91
-
5,789.68| |||1,395.62
86,162.3
0
-
82,889.6| |||6
4,668.26
8,048.80| 5 Dec 22 Less Uncredited Payments 31 Dec 22 Ledger Totals as at 31 Dec 22 Closing Bank Balance – as at 31 Dec 22 - -964.00 3,656.67 **9,060.3 6,249.35 9 9,060.3 6,249.35 9** ## **Undebited payments – as at 31 Dec** ## **22** - 3 Jan WMSET Centre - 3 Jan WMSET Centre - 3 Jan NO'C - Petty Cash - 3 Jan Parish Mag Printers 6 Jan Michael Farley - Organ Builders - 6 Jan Wilton Community Centre - 6 Jan Salisbury DBF (Fees Q4/22) - 6 Jan Salisbury DBF (Share) - 6 Jan Ecclesiastical Insurance ## **Uncredited items - as at 31 Dec 22** Funeral fees (H Thompson) Funeral fees (Maidment) Funeral fees (Bailey) 24.00 48.00 135.74 406.00 4,856.00 23.60 515.33 5,291.80 713.70 **12,014.17** 576.00 172.00 216.00 **964.00** 31-Dec-22 ## **Ledger Entries 2022** **----- Start of picture text -----**
Payments 2022 2021 Income 2022 2021
Diocesan
Share 37,042.56 35,278.60 Giving Income
Charitable
Giving 950.00 475.00 Collections 4,541.85 4,359.23
Parish 30,353.1
Secretary 2,457.00 2,441.25 Standing Orders 5 31,318.41
- Clergy
Expenses 2,314.61 1,538.48 Envelope Schemes 28.00
- Office 3,574.80 1,813.49 Gift Aid Envelopes 7,102.29 5,640.84
Fabric - 11,840.7
Repairs 190.13 Tax Rebate 4 2,960.92
- Insurance 8,329.79 7,363.72 Offertory Chest 2,727.26 1,169.98
Gas/Water/Elec
tric 10,094.71 4,179.31 Legacies/Donations 5,029.92 13,851.69
Organ Repairs 15,974.96 690.00 Special Collections 1,032.16 475.24
**----- End of picture text -----**
6 **----- Start of picture text -----**
62,627.3
Organist Fees 2,130.00 2,155.00 Sub Total 7 59,804.31
Bank Charges 244.84 188.23
Churchyard 1,065.08 670.00 Other Income
Choir Music 625.98 1,023.00 Grants 4,450.00 4,200.00
Choir Fund Parish fees (PCC) 5,821.00 3,545.55
Vestry Parish fees
expenses 808.34 195.38 (Utilities) 2,175.00 285.00
Youth
Outreach 1,940.64 724.92 Parish fees (Organ) 3,255.00 385.00
Church Room 403.03 Fund Raising 676.10 885.70
Fund Raising 221.49 956.46 - Other Events 441.24
Parish News 1,578.00 1,463.00 Inv/Dep Interest 1,885.65 1,823.67
Books/Publicati
ons 88.45 43.87 Functions/Concerts 1,840.00 1,074.30
Cleaning 870.89 777.64 Parish News 1,625.00 1,050.00
Miscellaneous 2,137.46 1,551.39 Choir Fund 540.00 30.00
Flowers 258.84 389.90 Flower Fund 25.00 25.00
St Catherine's 2,388.98 3,051.16 Miscellaneous 1,085.19 572.98
St Peter's 4,759.85 4,729.03 St Peter's 2,982.00 550.00
Hardship Fund 20.00 St Catherine's 982.80 2,519.96
Total Payments 100,450.43 71,718.83 Hardship Fund 240.00 240.00
Tower Fund 330.00
28,353.9
Sub Total 8 17,187.16
90,981.3
Total Receipts 90,981.35 76,991.47 Total Receipts 5 76,991.47
Excess
Income/Exp -9,469.08 5,272.64
R&C DBF 4,911.00 3,301.00 R&C DBF 4,911.00 3,301.00
R&C Other 8,446.02 4,936.67 R&C Other 8,446.02 4,936.67
Transfers 2,500.00 2,933.16 Transfers 2,500.00 933.16
WEC Payments 3,480.00 WEC Grants 3,480.00
19,337.0
19,337.02 11,170.83 2 9,170.83
110,318.
Total Entries 119,787.45 82,889.66 Total Entries 37 86,162.30
**----- End of picture text -----**
7 446 10. 0.19 21.fA) o.il 40.70 Inta&Tcias 77. 37￿￿ DiNi(knIT( 14P3.￿ 14X Totsl L4 t￿￿"t A(uRrt￿d￿- 311kn 21 4937 I,￿1.18 1,4*84 [￿tA(￿￿￿J￿ld￿. 31 Z2 f4￿￿1 4q17 CBF FutKI i[K￿l Inva￿ ly £1,￿1.18 in FY 31D￿Z2 ## **ST MARY & ST NICHOLAS CHURCH, WILTON APPEAL ACCOUNTS 2022** 9 ## **St Peter's Church, Fugglestone** ## **Financial Statement for the Year Ending 31 Dec 2022** |**Receipts**|**2022**|**2021**|**Payments**|**2202**|**2021**| |---|---|---|---|---|---| |Collections||20.00|Diocesan Share|2,540.08|2,419.20| |Parish Fees|502.00||Gas Supplies|140.32|370.17| |Monthly S/Os|480.00|530.00|Maint/Repairs|162.00|150.00| ||2,000.0||||| |Donations|0||Insurance|905.12|817.44| ||||Churchyard||| ||||Maint|440.00|560.00| ||||Shared Parish||| ||||Costs|572.23|412.22| ||**2,982.**|||**4,759.8**|| |Ledger Total|**00**|**550.00**|Ledger Total|**5**|**4,729.03**| |Parish Fees were for W25/6,||F 28/10 and|M 31/10||| **Loss over accounting period £1,777.85** ## **Friends of St Mary & St Nicholas Church, Wilton** ## **Account Details 2022** Bank Balance as at 31 Dec 21 Add Income received Less expenditure Bank Balance as at 31 Dec 22 |2022
**916.29**
2,020.00
NIL
**2,936.29**|_2021_
**_4,059.13_**
_3,203.16_
_(6,346.00_| |---|---| ||
_)_
**_916.29_**| Record of Income for 2022 Monthly Standing Orders (see Spreadsheet) Amount 2,020.00 10 31 Dec 22 11 2122 2022 Res*kn c¢CClknt￿rs D￿￿ana1￿1Parsh Fee5 Z927& 4(Om i￿￿40 1.707.C 1,211.11 5tstKlw Ord￿5 1.771. S51.16 ClwtyGfs CBF th4&d5 23 L722.( 7￿(1) ￿{x) 4&47 TolA 6,718.73 7.372.93 &n&n 1.441E8 7.3r2.93 Ll TLYa 31DK 21 17rB78 527&05 &55& 6n&73 7.3n.93 I265.￿ Z7(& 764.93 3.912.58 Ai*Jb)tsl i￿L¥T L￿g b)tsl ÈxrwthreT(•I Itffiio 2.7￿78 ZLXULYJ ztDI(xi Bakne 7,47fA52 93SS61 13).91 2.LKK).O) 12.£fi).WJ 7.476.52 Le55 eyt¥JLwpTolal I17uJ￿ 7.47&52 I¥J.18W*•5*xf￿ ￿5￿￿5877. MR Wc*xl 12 ## Wilton PCC ## Summary of Investments and Trust Funds – December 2022 **----- Start of picture text -----**
Note Charity/Trust Title Investment Type Shares Unit Value as at Income Value as at Income
and Ref held Value 31/12/22 2022 31/12/21 2021
31/12/22
1 Rawlence Bequest CBF Inv Fund 40 2,066.14 826.46 24.57 936.72 23.76
1902S
2 Mitchell Bequest CBF Inv Fund 946 2,066.14 19,545.68 581.32 22,153.52 562.20
1903S
3 Blake Bequest CBF Inv Fund 219 2,066.14 4524.85 134.57 5.128.56 130.16
1904S
4 Lord Herbert of Lea CBF Inv Fund 569 2,066.14 11,576.34 349.64 13,324.90 338.17
1913S
5 Countess of Pembroke Capital CBF Inv Fund 102 2,066.14 2,107.46 62.64 2,388.65 60.61
Fund 1914S
6 Countess of Pembroke Repair CBF Inv Fund 220.62 2,066.14 4,558.32 135.57 5,166.50 131.13
Fund 1915S
7 No7 Waterditchampton CBF Inv Fund 310.90 2,066.14 6,423.63 191.06 7,280.69 184.75
11036S
8 Lady Carter Bequest CBF Inv Fund 6.72 2,066.14 138.84 4.14 157.37 4.00
11037S
TOTALS 49,701.58 1,482.56 56,536.91 1.434.783
**----- End of picture text -----**
13 **----- Start of picture text -----**
(Income Credited to Deposit
a/c)
9 Proceeds from Sale of Church CBF Inv Fund 3,068.59 2066.14 63,401.37 1,885.65 71,860.55 1823.67
Rooms (Income Credited to 11088S
Gen A/C)
10 Proceeds from Wallace Bequest COIF Property Inc 60,198.59 111.35 67.031.13 3,689.45 105,461.3 4,580.69
(Income Credited to Appeal Fund Bonds 2
A/C)
TOTAL Investment Funds 180,134.0 7,0567.66 233,858.7 7,839.14
8 8
11 St Catherine’s Church CBF Inv Fund 251 2,066.1 5,186.01 150.88 5,877.94 149.18
(Income credited to St 1224S 4
Catherine’s)
**----- End of picture text -----**
14